Kneat.com Inc

OTCQX International:KSIOFUnited StatesView on Canadian Exchange

2024 2023 Operating activities Net loss for the period (5,263,872) (11,464,497) Charges to loss not involving cash: Depreciation of property and equipment 570,889 594,047 Share-based compensation expense 2,914,820 2,069,228 Interest expense 2,630,674 452,060 Tax expense 130,692 8,550 Amortization of the intangible asset 6,649,072 4,897,794 Amortization of loan issuance costs 121,237 26,331 Impact of lease termination - (65,936) Write-off of property and equipment - 26,632 Impact of lease termination - - Other non-cash adjustments - - Foreign exchange (gain) loss (2,227,902) 537,900 Increase/(Decrease) in non-current contract liabilities 20,795 (879,551) Net change in non-cash working capital related to operations 5,343,945 2,431,164 ------------ ------------ Net cash provided by (used in) operating activities 10,890,350 (1,366,278) ------------ ------------ Financing activities Proceeds received from public equity financing 20,000,110 - Share issuance costs associated with public equity financing (1,626,257) - Payment of principal and interest on the loan payable (1,896,196) (196,276) Proceeds from the exercise of stock options 1,698,366 74,750 Repayment of lease liabilities (564,010) (559,090) Proceeds received from loan financing - 14,353,000 Issuance costs associated with loan financing - (540,085) ------------ ------------ Net cash provided by financing activities 17,612,013 13,132,299 ------------ ------------ Investing activities Additions to the intangible asset (14,794,310) (12,702,025) Additions to property and equipment (104,354) (109,931) Collection of research and development tax credits 2,353,578 - ------------ ------------ Net cash used in investing activities (12,545,086) (12,811,956) Effects of foreign exchange rates on cash 471,261 245,433 ------------ ------------ Net change in cash during the period 16,428,538 (800,502) Cash - Beginning of period 15,252,526 12,282,478 ------------ ------------ Cash - End of period 31,681,064 11,481,976 ------------ -------

Global Medical Devices Manufacturer Selects Kneat to Digitize Validation

LIMERICK, Ireland, Oct. 31, 2024 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTC: KSIOF), a leader in digitizing and automating validation and quality processes, is pleased to announce that a global and diverse medical devices manufacturer has signed a three-year Master Services Agreement with Kneat to digitize its validation processes.

Kneat to Announce 2024 Third-Quarter Financial Results November 6, 2024

LIMERICK, Ireland, Oct. 30, 2024 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTC: KSIOF) ("Kneat" or the "Company") a leader in digitizing and automating validation and quality processes, announced today that the Company will release its financial results for the quarter ended September 30, 2024, after TSX market close on November 6, 2024.